Westbridge Renewable Announces Engagement of Investor Relations Advisors from North America and Europe – Company Announcement

CALGARY, AB
, May 31, 2024 /PRNewswire/ – Westbridge renewable energy company. (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (“Westbridge”, “Westbridge Renewable” or “Business”) is pleased to announce that we are engaged Joshua Cohen (“Josh“) With Westbury LLC Capital Group AND Paweł Adams (“Paul“) (total “Consultants“”) in order for the Company to provide investor relations services (“Services‘) for an initial period of six months commencing on that date May 27, 2024 (“Starting date“) and may be renewed at the Company’s discretion, subject to the terms of the service agreements with each Consultant (“Agreements“). Agreements are subject to approval by TSX Venture Exchange (“TSXV“).

Westbridge Renewable engaged consultants to provide corporate communications, shareholder engagement and investor communications, drafting and editing press releases and market materials, social media development and support, and ongoing tactical support. Consultants are required to comply with all applicable securities laws and regulations in connection with the provision of the Services. The Services include investor relations activities as defined in the TSXV Rules.

Josh is managing partner at Westbury LLC Capital Group; company based in Austin, Texas which invests in and provides IR advisory services to public and private companies, and Paul is an independent IR advisor based in London, UK. Both Consultants have been engaged in an advisory capacity to provide general IR advisory services as described above and in the Agreements entered into on May 27, 2024.

Scott Kellydirector and executive chairman of Westbridge Renewable, noted, “We are pleased to welcome Josh and Paul to our team and are very pleased with the progress we have made in Canadaexpanding the scope of our projects in US AND Europeand we are developing our team.”

Cash and options to pay for IR services

Each Consultant will receive a monthly remuneration of: $3,000 plus applicable taxes, payable monthly and 50,000 options granted daily May 27, 2024 with an exercise price of $1.00 until May 27, 2027for the Services during the Initial Term, unless terminated by the Company.

The remuneration paid by the Company to Consultants relates only to the provision of Services. Both Consultants operate with the Company on market terms.

ABOUT Westbridge Renewable Energy

Westbridge renewable energy company initiates, develops and monetizes best-in-class utility-scale solar projects. The company has a portfolio of projects in four key jurisdictions, Canada, US, Great BritainAND Europe. Westbridge plans to deliver attractive, long-term returns by originating, executing and developing an international portfolio of renewable assets for investors and utilities. The management team has extensive experience in over 40 projects around the world, obtaining and executing permits on budget. As one of Canada’s few publicly traded solar development companies, Westbridge provides its investors with valuable access to greenfield solar projects. This means that the Company can invest at the earliest stage of solar energy development, taking advantage of the full value chain, as well as the expected wider use of renewable energy in the future. Westbridge brings together regulators, corporate buyers and landowners to deliver clean, sustainable electricity to end users.

On behalf of the Board

For more information please visit: www.westbridge.energy | Twitter | LinkedIn

Or TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policy TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this publication.

Cautionary Note Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of Canadian securities laws. Forward-looking information can typically be identified by the use of the words “believes”, “may”, “plans”, “will”, “anticipates”, “intends”, “budget”, “may”, “estimates”, “expects”. “, “forecasts”, “projects” and similar expressions and the negative of such expressions. Forward-looking information contained in this press release includes statements regarding: increasing market awareness; expanding the Company’s reach in the investment community; purpose of Consultants’ involvement; payment by the Company for the Services and its due date; TSXV approval; and the intended content of the Services.

In connection with the forward-looking information contained in this press release, Westbridge Renewable and its subsidiaries have made numerous assumptions regarding, among others: The Services will be performed as expected and achieve the intended results; and the Company will obtain all required consents, if any, in connection with the Agreements; and the timing and closing of the Transaction, if any. While Westbridge Renewable believes these assumptions are reasonable, they are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors that may cause Westbridge Renewable’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: inability to obtain the required consents to the Agreement; the Services provided may not be as expected or may not produce the expected results; however, the Agreement may be terminated prematurely.

A more complete discussion of the risks and uncertainties facing Westbridge Renewable can be found in Westbridge Renewable’s continuing disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information contained herein is qualified in its entirety by this cautionary statement, and Westbridge Renewable disclaims any obligation to revise or update such forward-looking information or to publicly announce the results of any changes to any forward-looking information contained herein. to reflect future results, events or changes, except as required by law.

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SOURCE Westbridge Energy Corporation